From Microsoft to Tencent, AI is restructuring jobs; Gartner survey says most AI-deploying firms cut staff
Key points
- Reports cite a restructuring plan affecting nearly 60,000 Microsoft employees; a Tencent 50% layoff rumor was refuted.
- The IMF estimates about 60% of jobs in advanced economies are affected by AI, versus 40% in emerging markets and 26% in low-income countries.
- Gartner surveyed 350 companies with revenue above $1 billion; about eight in ten firms deploying AI or automation cut staff.
Reports cite a restructuring plan affecting nearly 60,000 Microsoft employees. A rumor that Tencent would cut 50% of its staff has been refuted, though management said it will pursue organizational change for the AI era. The IMF estimates about 60% of jobs in advanced economies are affected by AI, versus 40% in emerging markets and 26% in low-income countries. A Gartner survey of 350 companies with annual revenue above $1 billion found that about eight in ten firms that have deployed AI or automation have carried out layoffs.
Original report: www.hkcna.hk ↗AI-assisted brief; may contain inaccuracies. Rely on the original reports and official documents.